SHAREHOLDER - 2020
A Share purchase is not only an investment in your golf game, it is an investment for your family. The Glendale Golf & Country Club does not charge an Entrance Fee if a decision is ever made to pass the share along to a spouse or sibling of the family. The Club has 465 Shares issued and these are traded at the discretion of each owner on the open market.
Entrance (or Transfer) Fee
When a Share is purchased the incoming Member must pay an Entrance Fee. This Entrance Fee is the amount set by the Board of Directors to assist the Club to pay for capital improvements and pay down debt for improvements previously completed. The Shareholder Entrance Fee is $7,500 and is subject to GST (with the GST payment due at time of joining). Once the Entrance Fee is payed in full, a Share certificate will be issued in your name.
Share Purchase Program
The Board of Directors has developed a purchase program to assist with the payment of the Entrance Fee and, if needed, the Share.
Entrance Fee is $7,500 + GST (GST to be paid in 1st year)
Treasury Share $3,000
Private Share $Market Price
Treasury Share Purchase Option
If you require to purchase a Share from Treasury for $3,000, the Club will take that amount and add it to the Entrance Fee for a total of $10,500. You will then have the option to pay that amount off in the following manner:
GST: $375 paid at time of joining
Yearly Plan: $10,500 / 5 years = $2,100 per year
Monthly Plan: $10,500 / 5 years / 12 months = $175 per month
Private Share Purchase Option
If you have purchased a Share from a current Shareholder then you will pay $7,500 + GST. You will then have the option to pay this amount off in the following manner:
GST: $375 paid at time of joining
Yearly Plan: $7,500 / 3 years = $2,500 per year
Monthly Plan: $7,500 / 3 years / 12 months = $208.33 per month
Annual Dues Outline:
Please click on the Shareholder Information sheet below to see annual cost for the category.
Shareholder Dues Information
Shareholder Responsibilities Document
Tee Time Access Chart